AIVentureburnabout 2 hours ago
TwelveLabs Raises $100M Series B to Advance Video Intelligence
ByteBrief summary
3 min readTwelveLabs raised one hundred million dollars in a series b round co-led by NEA and NAVER Ventures to expand its artificial intelligence video platform. The company utilizes the Marengo model for speech analysis and Pegasus for structured data organization across existing footage archives. Amazon Web Services became TwelveLabs preferred cloud provider while new offices open in New York, London, San Francisco, and Seoul.
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